About HDFC Bank Car Loan in Jaipur

People living in the pink city of India can now bring home a stylish passenger car or multi-utility vehicle with the help of HDFC bank Car loan. The product can be availed by a customer based in Jaipur at best rate possible if he/she meets the eligibility criteria. The bank has opened more than 50 branches here in the capital of Rajasthan. A car loan product offered by HDFC bank can be availed by any eligible self-employed person or a salaried individual.

HDFC Bank Car Loan Jaipur at a glance

The important details about a car loan offered by HDFC bank in the city have been given below.

Particular

Details

Interest rate

8.00% - 13.00%

Loan amount

Max. loan amount :

New Cars : Upto ₹ 3,00,00,000

Pre-owned Cars: Upto ₹ 50,00,000

Tenure

New Cars : Up to 7 years

Pre-owned Cars: Up to 5 years

Processing fee

New Car: 0.4% of Loan Amount or ₹10000, whichever is lower

Pre-owned Car: 2% of loan amount or ₹ 5,000/-, whichever is lower

Pre-payment charge

No foreclosure allowed within 6 months from date of availing the car loan; 6% of Principal Outstanding for preclosures within 1 year from 7th EMI;5% of Principal Outstanding for preclosures within 13-24 months from 1st EMI; 3% of Principal Outstanding for preclosures post 24 months from 1st EMI

Eligibility criteria for HDFC Bank Car Loan Jaipur

The eligibility for a car loan offered by HDFC bank for different applicants have been given below-

Salaried Employee-

Should be at least 21 years of age while applying for a loan and <=60 years of age when the loan matures

Should have a job for a minimum of two years and must be working for the current employer for at least one year

Must earn a minimum annual income of ₹ 2,50,000. This can include the income of the co-applicant or spouse

Should have a post-paid mobile or a telephone

Self-employed individual (Sole Proprietorship)-

Need to be at least 21 years of age when the tenure starts and <=65 when the tenure ends

Need to be in their business for a minimum of two years

Need to have an annual income of at least ₹ 2,50,000 if you plan to get a standard car and mid-sized & premium cars respectively

Need to have a telephone at home or a post-paid mobile connection

Self-employed (Partnership Firms)-

Need to earn a minimum annual income of ₹ 2,50,000 if you plan to get a standard car

People engaged as self-employed partners in the business of manufacturing, trading or services are eligible to apply for car loans.

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